—Yell Group: The Yellow Pages maker wants to “comprehensively refinance” itself by changing the length and terms of its lending agreements. Talks will start with lenders and eventually with major shareholders—raising the prospect of a money-raising share issue—as part of a process that will last until the Autumn. The company now expects its Q1 revenue to be 11 percent lower year on year, while EBITDA is expected to be 20 percent down, at constant currency rates. And it gets even worse: Yell predicts Q2 revenue to be about 17 percent down year on year and for Q2 EBITDA to be 30 percent down. Q1 results are officially released on July 23. Release.

SEE ALSO: Sat-Nav Maker TomTom Raises €430 Million In Share Placements

—Tomtom: The Dutch sat-nav device maker has released details of its rights issue, part of a €430 million (£365.3 million) refinancing package to alleviate debt following the €2.9 billion acquisition of Tele Atlas in 2007. The €359 million (£305 million) rights issue offers shareholders eight shares for every five they own at a 36.5 percent discount. A €71 million (£60.3 million) private placement makes up the rest of the money. Release (pdf).

—Johnston Press: Regional newspaper publisher JP has won a two-month extension on its banking covenants. The company’s payments were due on Tuesday but it now has until August 31. Release.